Xero hits $NZ100m in annual revenue

NEW Zealand cloud-based accounting software firm Xero has continued to boost sales, with annualised revenue of $NZ100 million ($A93.10 million) for the first time.

ANNUALISED revenue, which Xero recognises on a customer subscription basis, reached $NZ100m in May, with monthly recurring subscription revenue of $NZ8.6m, the Wellington-based company said in a statement on Monday.